Hargreaves Lansdown (HL.)

Sector:

Financials

Index:

FTSE 100

863.60p
   
  • Change Today:
      0.20p
  • 52 Week High: 1,457.50p
  • 52 Week Low: 740.80p
  • Currency: UK Pounds
  • Shares Issued: 474.32m
  • Volume: 762,262
  • Market Cap: £4,096.22m
  • RiskGrade: 176

Hargreaves Lansdown sees decent growth in last quarter

By Josh White

Date: Thursday 10 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Hargreaves Lansdown reported net new business of £1.7bn in the three months ended 30 September on Thursday, improving from the £1.3bn it reported at the same time last year.
It explained that it was driven through a "variety of channels", including organic new client growth, ongoing wealth consolidation onto its platform from existing clients, continued flows into its cash management service 'Active Savings', and direct back book transfers from JP Morgan and Baillie Gifford of £0.9bn.

New business in the period was still impacted, however, by weak investor sentiment arising from continuing Brexit and political uncertainty in the UK and wider global macro issues such as trade tariffs.

The FTSE 100 financial services provider said net new clients totalled 35,000 for the period.

Assets under administration totalled £101.8bn as at 30 September, which was ahead 3% since 30 June, while net revenue grew 6% year-on-year to £128.1m.

Hargreaves Lansdown said the net revenue figure benefited from higher assets under administration levels, due to net new business and market growth.

It explained that, having gone through a period of elevated investment in people, digital marketing and technology in the 2017 and 2018 financial years - which was validated by the net new business flows, net new clients, retention rates and increased market share - the company had since been deliberately moderating the rate of investment.

While the board anticipated that costs would typically be aligned to client number growth, it said it was mindful of the external market environment, and thus remained watchful on costs despite the client and revenue growth experienced during the period.

"I'm pleased to report a solid start to our financial year for client, net new business and revenue growth," said chief executive officer Chris Hill.

"We continue to focus on our strategy of delivering excellent service, information and value during these continued uncertain times for our clients."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

HL. Market Data

Currency UK Pounds
Share Price 863.60p
Change Today 0.20p
% Change 0.02 %
52 Week High 1,457.50p
52 Week Low 740.80p
Volume 762,262
Shares Issued 474.32m
Market Cap £4,096.22m
RiskGrade 176

HL. Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.88% below the market average36.88% below the market average36.88% below the market average36.88% below the market average36.88% below the market average
64.52% below the sector average64.52% below the sector average64.52% below the sector average64.52% below the sector average64.52% below the sector average
Price Trend
28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average28.37% below the market average
22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average22.73% below the sector average
Income
34.80% above the market average34.80% above the market average34.80% above the market average34.80% above the market average34.80% above the market average
41.03% below the sector average41.03% below the sector average41.03% below the sector average41.03% below the sector average41.03% below the sector average
Growth
96.98% above the market average96.98% above the market average96.98% above the market average96.98% above the market average96.98% above the market average
96.67% above the sector average96.67% above the sector average96.67% above the sector average96.67% above the sector average96.67% above the sector average

What The Brokers Say

Strong Buy 7
Buy 1
Neutral 10
Sell 0
Strong Sell 3
Total 21
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

HL. Dividends

  Latest Previous
  Final Interim
Ex-Div 22-Sep-22 03-Mar-22
Paid 24-Oct-22 01-Apr-22
Amount 27.44p 12.26p

Trades for 25-Nov-2022

Time Volume / Share Price
17:01 4,150 @ 852.09p
17:01 4,150 @ 852.26p
16:59 5,140 @ 855.89p
16:45 181 @ 859.00p
16:45 181 @ 859.00p

HL. Key Personnel

CEO Christopher Hill
CFO Amy Stirling

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